Abbott Laboratories (NYSE:ABT) Stock’s Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Abbott Laboratories’ (NYSE:ABT) recent performance, when its stock has declined 3.2% over the past month. However, the company’s fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Abbott Laboratories’ ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Abbott Laboratories
How To Calculate Return On Equity?
The formula for ROE is:
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